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Calloway REIT calls C$50 million of its 5.37% series B debentures
By Tali Rackner
Norfolk, Va., Feb. 24 - Calloway Real Estate Investment Trust plans to redeem C$50 million of its C$250 million 5.37% series B senior debentures due Oct. 12, 2016, according to a notice.
The debentures will be redeemed at C$1,096.63 plus accrued interest of C$24.2753 per C$1,000 principal amount on March 26.
The total redemption price will be C$56,045,265.
Vaughan, Ont.-based Calloway leases buildings to retailers.
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